Plant Derived Proteins Market: Insights into the Competitive Scenario of the Market
The global plant derived proteins market will reach a valuation of US$ 185 Mn by
2029, witnessing a steady growth outlook during the forecast period (2019 -
2029). According to a new study by Future Market Insights (FMI), the market for
plant derived proteins is largely influenced by tech transformations and
R&D efforts towards recombinant proteins in the global healthcare industry.
"Rising demand
for passive immunization has led to the development of new plant based platforms,
which could transform and express recombinant therapeutic vaccines and
antibodies more effectively with improved quality, yield, and stability,"
reveals the FMI report.
Key Research Findings
of FMI's Plant Derived Proteins Market Study
- Use
of therapeutic plant based proteins in disease treatment will account for
over 70% of overall market revenues in 2029.
- Transient
plant expression systems continue as preferred plant sources among protein
manufacturers with low-cost setups.
- Biopharmaceutical
companies are primary end users of plant based proteins, holding 50%
market share.
- Regenerative
medicine -therapeutic agents continue to be a major application area, with
a relatively cheap price point.
- North
America remains the leading market; Asia Pacific turning highly lucrative.
Key Growth Drivers -
Plant Derived Proteins Market
- Production
and commercialization of biopharma proteins with better therapeutic
results remain key growth drivers.
- Natural
and eco-friendly attributes of plant based proteins would push their rate
of consumption.
- Immunomodulatory
characteristics of plant derived proteins are gaining traction in
healthcare, fueling market growth.
Key Impediments -
Plant Derived Proteins Market
- Stringent
regulations regarding approval of plant based technology platforms
restrict their commercialization.
- Regulatory
restrictions on tobacco cultivation continue to limit growth opportunities
in market.
Competition Structure
Analysis - Plant Derived Proteins Market
The competition
landscape of plant derived proteins market remains moderately consolidated,
with a major market share being accounted by Merck KGaA and Protalix
Biotherapeutic. Key producers are also pushing for strategic acquisition of
smaller regional businesses in the industry to expand their regional presence
and bolster existing portfolios. This also involves exploring new sources of
plant based proteins such as chia and hemp.
Some of the major
players in the plant derived proteins market include, but are not limited to
Cargill, Glanbia, ADM, Denka, Kentucky BioProcessing Inc. among others.
About the Report
This report offers
global, regional, and national level analysis on the latest trends in the
industry influencing the plant derived proteins market. The study provides
actionable insights on the plant derived proteins market on the basis of plant
type (tobacco, rice, carrot, barley, and others), protein (industrial proteins
& enzymes, therapeutic proteins, blood proteins, cell culture functional
proteins, and others), platform (in-vitro cell culture systems, whole plants,
and others), application (regenerative medicine - therapeutic agents,
regenerative medicine - functional material, cell culture application, and
others), end user (biopharmaceutical companies, academic & research
institutes, contract research organization, and contract manufacturing
organizations)across 30 countries spanning seven key regions (North America,
Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
About Future Market
Insights (FMI)
Future Market Insights
(FMI) is a leading provider of market intelligence and consulting services,
serving clients in over 150 countries. FMI is headquartered
in London, the global financial capital, and has delivery centres in the U.S.
and India. FMI's latest market research reports and industry analysis help businesses navigate challenges
and take critical decisions with confidence and clarity amidst breakneck
competition.
Contact
Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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